Fund Accountant

Private Debt Partners - Fund Accountant

About Private Debt Partners:

Founded in 2020, Private Debt Partners (PDP) is a private debt firm solely focused on Canadian mid-market opportunities. PDP originates and structures flexible and customized senior term debt for mid-market Canadian companies.

PDP is well positioned to continue to grow substantially, pursuing its vision of becoming Canada's leading mid-market private debt firm.

Working at Private Debt Partners:

Private Debt Partners is fuelled by a dynamic team of enthusiastic and passionate individuals. Joining Private Debt Partners means stepping into a fast-paced, collaborative, and innovative work environment. At Private Debt Partners, we pride ourselves on a hands-on approach, with every team member fully engaged in any project that demands attention.

Role Description:

We are seeking a motivated and dynamic Fund Accountant to join our fast-paced and rapidly growing platform. This role is a fantastic opportunity to learn the ropes from an experienced team and gain exposure to private credit. The Private Debt Partners team operates on a hybrid model and an ideal candidate will be available to work 3 days per week in our Toronto office. The role is a full-time position.

The specific responsibilities of the individual in this position include:

Corporate Accounting and Budgeting

• Maintain all corporate accounting and finance functions, including all aspects of the daily bookkeeping / accounting / payroll, preparation of internal financial reporting, budgeting and cash/ treasury management.

• Assist the Executive Team in the preparation of any business analysis, forecasting and budgeting processes.

• Manage the ongoing reporting and profitability analysis internally to management and externally to third parties (ie stakeholders, Board of Directors, Audit Committee and any regulator reporting).

• Work closely with the Executive Team on the development, analysis and management of the company internal control systems, including cash controls, procurement, IT etc.

• Participate in the annual audit process, including the preparation of financial statements and note disclosures.

Investor Onboarding and Operations

• Assist in the initial maintenance, authorization and the communication of investor due diligence information in the Data Room.

• Capture and process all investor capital activity and facilitate initial investor money movement and bank processing.

• Review and issue correspondence for ongoing investor capital call activity including any deal allocations, new investment portfolio loans, and ongoing distributions.

• Review monthly investor statements and manage investor communication via the investor web portal.

Fund and Portfolio Accounting

• Responsible for the oversight of the fund accounting and GL function including the calculation of monthly Net Asset Value, investor commitment schedules, record portfolio loan transactions, calculate interest and other fund related information.

• Prepare working papers and manage internally the annual fund's audit and any regulatory filing requirements.

• Provide communications to investors on fund related questions, fund reporting requirements and industry changes.

• Liaise with the fund administrator to complete activities.

General

• It is essential to work within a small team-oriented environment where people must also work independently and strive to do their best. This will require a person that is hands-on, straightforward, approachable, and collaborative.

• The person must have a solid understanding and can manage the key aspects of the private debt/money management business, be an enthusiastic individual, willing to commit significant time and resources to meet their objectives and demonstrate a strong work ethic.

Education and Experience

• University degree in Accounting, Finance, Economics, or a related field. Professional designations (e.g., CPA, CFA) are considered a plus.

• Ideally one to five years corporate and/or fund experience, preferably in private debt or private equity or with past alternative investment fund administrator responsibilities.

• The successful candidate will have extensive, demonstrable skills and experience including the following:

o In-depth knowledge of the accounting and operations within the debt /loan industry or private debt markets.

o Excellent interpersonal skills and an ability to collaborate and communicate effectively with all levels of management.

o Strong analytical, verbal and written communication skills.

o Organized with the ability to set priorities, meet deadlines and manage projects effectively and efficiently.

o Work well under pressure and within strict deadlines.

• High degree of computer literacy and familiarity with Quickbooks and MS 365 including Excel, Word, PowerPoint, Sharepoint.